Springfield Parks Foundation Inc

Analysis

Springfield Parks Foundation Inc is a registered charity in United States, based in Springfield, IL. It received its IRS tax-exemption ruling in May 1992, 34 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Springfield Parks Foundation Inc reported income of $66k and spending of $79k, spending 120% of what it took in. Across the 4 years on record, from September 2020 to September 2023, income grew from $52k to $66k (+29%), an average of +8.9% a year. The sharpest change came in the year to September 2021, when income rose by 66%. Over the whole period it spent 95% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Springfield Parks Foundation Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 28th percentile within IL. Charities of a similar size with the same main cause include Youth Bowler Tour Inc ($66k), Bulldog Wrestling Club Inc ($66k) and We Got Next Sports Inc ($66k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $510k against liabilities of $0, net assets of $510k.